July 28, 2010

Impact of CCRC's on the Community - Part 1

Part 1

Across the nation, cities wrestle with zoning provisions and restrictions. In Portsmouth, New Hampshire, officials must decide whether a continuing care retirement community or an office development is more beneficial for a community.

What are the benefits of assisted living facilities and CCRC's?

A simple cost-revenue analysis provided to Portsmouth authorities showed this particular retirement community earning nearly $900,000 more than an office development. While these numbers seem to make the decision painless, much lingers behind the debate.

To understand the enormous breadth of the assisted living industry we must first examine a few statistics from the Assisted Living Federation of America.
* $109 billion in total output.
* $40 billion in earnings.
* 1.3 million jobs—total employment.
* $63 billion in value added.


These numbers take into account the "final demand multipliers" to better represent the assisted living industry's impact on the broader economy.


As we continue the cost-benefit analysis of assisted and independent living facilities, we will determine how the size of the facility directly relates to their social, economic, and at times even political impact.

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